Wayfair price target raised to $90 from $55 at Raymond James

Raymond James raised the firm’s price target on Wayfair (W) to $90 from $55 and keeps a Strong Buy rating on the shares. Wayfair’s quaeterly revenue and adjusted EBITDA came in above expectations, with the 6% year over year revenue growth marking the highest top-line growth since 1Q21, the analyst tells investors in a research note. The firm continues to view the risk/reward set-up on Wayfair as compelling.